Bain-Apple closer to buying Toshiba unit By Seeking Alpha

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Stock Markets10 minutes ago (Sep 13, 2017 02:26AM ET)
© Reuters. Bain-Apple closer to buying Toshiba unit

  • A group including Bain Capital and Apple (NASDAQ:), as well as Seagate (NASDAQ:) and Dell, has signed a letter of intent to buy Toshiba’s (OTCPK:) chip business for more than $18B, WSJ reports.
  • It’s the latest twist in a contentious sale process. While Toshiba aims to sign a contract by late September, it’s also continuing talks with Western Digital (NYSE:), which is leading a bid by a rival consortium.
  • Now read: Apple’s Breakthrough 3D Sensor Technology

Original article

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